Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘stock’

How is FaceBook’s IPO like Erectile Dysfunction?

Posted by Warm Southern Breeze on Sunday, May 20, 2012

{UPDATE: Tuesday, 22 May 2012 – 2d story added}

Read on, to find out why.

(Oh, and please, dear reader, don’t make me spell it out why.)

And, as an interesting note aside, Mr. Zuckerberg was married yesterday.

Here’s wishing him and his bride all the best.

Nasdaq ‘embarrassed’ over Facebook IPO

By Telis Demos in New York, May 20, 2012 10:12 pm

facebookNasdaq OMX‘s chief executive admitted he was “embarrassed” by the delay in the opening trade of Facebook’s initial public offering and revealed that the exchange was in talks with regulators over potentially millions of dollars of customer claims.

Bob Greifeld said on Sunday that the 20-minute delay in trading of Facebook’s $16bn offering on Friday had been caused by a millisecond systems blip due to the largest IPO auction “in the history of mankind”.

The exchange has found itself in the spotlight after Facebook failed to deliver a first-day “pop” to investors, instead almost falling below its issuing price of $38. The shares, having risen briefly, quickly fell away to close the day with a gain of just 0.6 per cent, at $38.23.

As a result of the trading delay, Nasdaq was left with a position in Facebook shares that it was forced to liquidate, according to its own rules, generating $10m for the group. It plans to use that money, plus potentially more, to resolve disputes related to 30m shares that may have received improper trades.

It has requested approval from Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , | 1 Comment »

Insurance costs and health-care reform: Are health insurers making huge profits?

Posted by Warm Southern Breeze on Friday, December 3, 2010

Are health insurers making huge profits?

Mar 5th 2010, 14:15 by M.S.

Warhol dollarYESTERDAY Barack Obama dropped in on Kathleen Sibelius‘s meeting with executives of America’s top five health insurers and read a letter from a constituent. Natoma Canfield, a self-employed house cleaner, had carcinoma 16 years ago; it has been in remission for 11 years. Last year Anthem Blue Cross, who provide her with a high-deductible ($2,500) individual plan, raised her premiums 25%, to $6,075. This year they’re raising them another 40%, to $8,500. Ms Canfield  closes her letter, “Please stay focused in your reform attempts as I and many others are in desperate need of your help.”

There’s no doubt that the Obama health-care reform bill would …Continue…

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Please describe what you were doing when the problem happened:

Posted by Warm Southern Breeze on Tuesday, March 30, 2010

I was seated at the kitchen table, listening to satellite radio  – “Give A Little Bit” by Supertramp was playing – having taken a large sip of Fighting Cock 103 proof Kentucky whiskey, followed with a swig of Yuengling Original Black & Tan beer, while reading the Sunday funny papers from the Huntsville (Alabama) Times. Outside the window, a couple was looking around the property next door. Here comes the woman now, from around the corner. Oh… the table at which I’m seated is adjacent a window. I was breathing, and my blood was circulating, and I was thinking that …Continue…

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
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